Monday, October 11, 2010

New Security System


Warren Buffet on Gold

“Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

Wednesday, October 6, 2010

Why GM IPO is vastly overpriced at $1/share


"Workers lived a lot longer than they were expected to.  Those factors mean that the ratio between retirees and workforce became extremely lopsided; at the moment, GM has a little over 50,000 hourly employees--and about a half a million retirees.
That left the pension badly underfunded...Meanwhile, soaring health care costs were making the health care benefits even more of a problem than the pensions."

http://www.theatlantic.com/business/archive/2010/10/new-gm-same-old-union/64088/

Tuesday, October 5, 2010

New Ice Age?

I expect it to last 200 years and start in next 50 years
http://rt.com/prime-time/2010-10-04/coldest-winter-emergency-measures.html

Cuba Fires 500,000 workers


When everybody works for the state then there is no one left to pay taxes needed to pay government salaries.  Russia and China used to support Cuba and the Cuban government sold cigars.  Then Chavez supported Cuba.  Now he has no more money.

Now the plan is to fire 500,000 government workers who have orders to get a job.  Because all jobs are government jobs they have been ordered (on pain of death) to start private businesses that will hire lots of people, pay lots of taxes and save the Revolution.  Excessive profits will be frowned upon. This is a trial run for Obama's recovery plan.

Viva Obama!

http://www.breitbart.com/article.php?id=CNG.649318c517e989a6cb277015a7fa72dd.1301&show_article=1

clash of cultures and cultural values

On the one hand liberals criticize Bush's foreign policy for forcing American culture on people in foreign countries.  On the other hand, they are stunned that foreign people do not share American values. 

Liberals are so busy doing whatever they do and so busy congratulating themselves that they never try to learn anything about the culture of the people whom they are trying to exploit. 

c
http://www.nytimes.com/2010/09/25/world/asia/25kite.html?_r=1